kbriscoe7674 kbriscoe7674

15-06-2024
Mathematics

Answered

For a particular product, the supply equation is

p = 1/7 q

and the demand equation is

p = 121 - 1/4 q

Recall that revenue is the number of items being sold multiplied by their sales price. What is the revenue to suppliers when supply and demand are in equilibrium?

Answer :

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